What's In A Stadium Name?
Go through a list of vintage stadiums and you’ll find iconic names like Sportsman’s Park (St Louis), Shibe Park (Philly), Ebbets Field (Brooklyn), West Side Park (Chicago), etc.
With the exception of a few structures, the old venues designated after team owners and city neighborhoods are long gone, buried in the rich heap of ball park history.
Another step in the mass commercialization of professional sports, stadiums today are more apt to lease their names to private corporations. More than three-quarters of the existing franchises in MLB, NBA and NFL play in facilities associated with a well-known business brand.
Naming deals are typically 10 to 20-year term contracts with fixed annual payments. Advertisers can leverage their labels on an actual site such as CenturyLink Field in Seattle, or an event like the Emirates FA Cup in Britain.
For stadiums and events, selling naming rights can be a welcoming source of ancillary income. For advertisers, it’s a long-term marketing strategy aimed at maintaining and reinforcing a recognized brand.
In sports, commercial naming practices can be traced back to Fenway Park, which opened in 1912 in the Fenway section of Boston. Red Sox owner John Taylor also had an eye on promoting his real estate company, Fenway Realty, to the early throngs of baseball goers.
But it was Wrigley Field in Chicago (photo above) that started gracing stadiums with a corporate appellation. In 1926, chewing gum magnate William Wrigley acquired the Chicago Cubs baseball team and subsequently re-branded Cubs Park as Wrigley Field.
Foxboro Stadium, playground site of the old Boston Patriots, was an early example of a team that sold its naming rights to an entity not affiliated with the franchise. The sports facility opened in 1971 as Schaefer Stadium and was later renamed Sullivan Stadium before being demolished.
Reactions to the corporate branding of sports facilities have generally been supportive, especially if the buyer enjoys strong connections to the local community. Examples are the old Rich Stadium in Buffalo, Heinz Field in Pittsburgh and Coors Field in Denver.
In some instances, a private designation was deemed unacceptable. In 1953, August Busch, owner of the Anheuser-Busch beer company and the St Louis Cardinals, was pushed back by the commissioner of baseball when he proposed to rename Sportsman’s Park, Budweiser Stadium. The parties eventually settled on Busch Stadium.
Worldwide sporting events such as the FIFA World Cup, UEFA Euro, Olympic Games and the Paralympic Games prohibit the use of corporate-sponsored names, seeing it as a form of “ambush marketing”.
Naming transactions have only gotten more lucrative with time. Buffalo-based Rich Products paid $1.5 million per year when the gates opened at the Bills’ football stadium in 1972. Thirty-five years later, NYC's Citifield inked a brand exposure deal worth $20 million per annum, a record high that later followed with the Barclays Center.
With the globalization of sports, corporate logo rights continue to point upwards towards ever growing windfall profits. The future home of the Los Angeles Rams and the renovated stadium for Spain's Barcelona FC are both bidding out naming rights for $30 million a year.
Fortunately, some storied venues have retained their historic designations- Yankee Stadium, Dodger Stadium, Fenway Park.
But as the top three wealthiest clubs in professional baseball, those teams can afford to carry the tradition.
FOOTBALL December 15, 2008 Sam Bradford of the University of Oklahoma is recipient of the Heisman Trophy. Bradford was only the 2nd sophomore to win the award as he led the highest scoring offense in NCAA history, throwing for 4,464 yards and 48 touchdowns. He later joined the St Louis Rams and was named NFL Rookie of The Year in 2010.
BOXING December 9, 1998 Boxing champ Archie Moore dies at the age of 81. Competing from 1935-63, Moore held the light-heavy title for a record number of years but the Mississippi-born pugilist couldn’t clinch the lineal world heavyweight category; he twice lost a shot at that title, to Rocky Marciano (1955) and to Floyd Patterson (1956).
BASKETBALL December 14, 1988 Following a string of 17 losses, the NBA’s Miami Heat win their first game ever by defeating the LA Clippers 89-88. One of 4 new expansion teams to the league, the Heat was founded by Carnival Corporation owner Micky Arison. The Heat would eventually post 3 NBA championship titles, in 2006, 2012, and 2013.
TENNIS December 10, 1978 The U.S. beats Great Britain 4-1 at the 67th edition of the Davis Cup. The tournament was mired in political issues due to the inclusion of South Africa, which was an apartheid nation at the time. Several countries withdrew from the competition and South Africa itself was barred the following year and wouldn’t return until 1992.